The purchasing system where there is a separate purchasing department entrusted with the task of making all purchases is called

Related MCQs

• The practice of purchasing where all purchase functions is done through one department only.
• A request sent to the purchasing department of a need for materials is called a:
• Entry under Integrated system for : Purchases of Direct Materials for production
• Hypothetical costs which are specially computed outside the accounting system for the purpose of decision making are called
• A record of both quantities & values maintained by the costing department is called:
• The process of distribution of overheads allotted to a particular department or cost center over the units produced is called:
• Certain overhead costs cannot be directly charged to a department or cost centres. The process of distribution of such overhead costs to various departments is called
• Cost Accounting is a separate
• Basis of apportionment of welfare department expenses is…………..
• Under step method of re-apportionment of costs of service departments, the cost of last service department is apportioned only to the …………..